The extended deadline for the implementation of the Directive (EU) 2019/1023 has expired on July 17, 2022. More than a year later, in August 2023, the amendments to the Bulgarian Commercial Act concerning, among other things, insolvency and restructuring rules and procedures were finally published in the Bulgarian State Gazette. Apart from pure alignment with the European legislation, the amendments are aimed at certain long-standing shortcomings of the Bulgarian insolvency and restructuring regime.
Slovakia: Dawn of a New Era for Insolvency Proceedings?
For a long time, the Slovak insolvency law landscape was overshadowed by deep structural problems that resulted in a dire outlook for creditors in insolvency and restructuring proceedings.
Resist Advises on SKOK Kujawiak Bankruptcy Proceedings
Resist Rezanko Sitek is advising the bankruptcy trustee on the bankruptcy proceedings for SKOK Kujawiak.
Foreclosure Over Cryptocurrency in Bulgaria
Cryptocurrency has been gaining momentum in the recent decade all over the world, including Bulgaria. On one hand, the development of block chain technology and the wide spreading digitalisation in almost every sphere of human life reasonably produced new revolutionary payment means along with the traditional good old money. On the other hand, cryptocurrency rapidly became a symbol of freedom as not being issued and accepted by any central bank or credit institution as well as being easily accessible via Internet literally by every person.
Lextal Advises Solbritt on Reorganization
Lextal has advised Solbritt on its reorganization and restructuring plan.
MFW Fialek Advises Milestone Real Estate on Reorganization
MFW Fialek has advised Milestone Real Estate on its group reorganization.
Marcell Nemeth Joins DLA Piper as Partner in Vienna
Former Wolf Theiss Partner Marcell Nemeth has joined DLA Piper’s Finance, Projects & Restructuring practice as a Partner in the firm's Vienna office.